Ethan Zhao

Ethan Zhao
Senior Reporter
Ethan Zhao is a features reporter at Business Times specializing in company, technology and in-depth. For news tips and feedback, please contact: ethanz@businesstimes.cn

The Latest

  • U.S. Treasury Issues Stern Warning to China Over Support for Russia
    U.S. Treasury Issues Stern Warning to China Over Support for Russia
    Deputy U.S. Treasury Secretary Wally Adeyemo emphasized that Chinese firms must choose between conducting business with Western economies or providing dual-use goods to Russia. Speaking in Berlin on Friday, Adeyemo stressed the importance of making it clear to Chinese companies that their actions will have significant consequences.
  • National Security Law Crackdown: Hong Kong's Largest Subversion Trial Convicts 14 Democracy Advocates
    Hong Kong protests
    A Hong Kong court convicted 14 pro-democracy activists on Thursday in what has become the city's most significant national security case.
  • Renewed Chinese Military Activity Near Taiwan Heightens Tensions as More U.S. Lawmakers Visit Taiwan
    DETERIORATING TIES
    Renewed Chinese military activity near Taiwan has been reported less than a week after Beijing concluded two days of war games. Taiwan's defense ministry announced on Wednesday that Chinese warships and warplanes were conducting "joint combat readiness patrols" around the island.
  • IMF Upgrades China's GDP Forecast to 5%, Warns of Long-term Risks
    China Plans To Ban Overseas IPOs For Tech Firms With Data Security Risks - Source
    The International Monetary Fund (IMF) has upgraded its forecast for China's economic growth this year to 5%, up from the previous estimate of 4.6%, citing a strong first quarter and recent policy measures aimed at stabilizing the economy.
  • China’s Third Big Fund Aims for Semiconductor Self-Sufficiency with $47.5 Billion Investment
    Semiconductor Manufacturing International Corp
    China has established its third state-backed investment fund to bolster its semiconductor industry, committing 344 billion yuan ($47.5 billion) in an effort to achieve technological self-sufficiency. This move underscores President Xi Jinping's intensified drive to fortify China's semiconductor capabilities, especially amid escalating U.S. export controls designed to limit Beijing's access to advanced technology for potential military applications.
  • China Concludes War Games Around Taiwan Amid Escalating Tensions
    DETERIORATING TIES
    China wrapped up two days of intensive military exercises around Taiwan, simulating attacks with bombers and practicing ship boardings. The drills, named "Joint Sword - 2024A," began shortly after Lai Ching-te was inaugurated as Taiwan's president.
  • Lottery Win Turns Sour: Cousins Feud Over $1.3 Million Prize in China
    Lottery Win Turns Sour: Cousins Feud Over $1.3 Million Prize in China
    In Henan, China, a pair of cousins who once shared close quarters and co-owned a roasted chicken leg stall have fallen out over a lottery prize of 9.46 million yuan (approximately $1.34 million). Their close collaboration turned into a legal battle after the windfall.
  • Taiwan Mobilizes Forces in Response to Beijing's 'Punishment' Drills
    DETERIORATING TIES
    China commenced two days of extensive military exercises around Taiwan on Thursday, mere days after Lai Ching-te was inaugurated as Taiwan's new president. These maneuvers, labeled as "punishment" for what Beijing terms "separatist acts," highlight the escalating tensions in the Taiwan Strait.
  • Beijing Starts 'Punishment' Exercises Near Taiwan in Response to 'Separatist Acts'
    Beijing Starts 'Punishment' Exercises Near Taiwan in Response to 'Separatist Acts'
    China commenced two days of intensive military drills around Taiwan on Thursday, just three days after Lai Ching-te assumed office as Taiwan's new president. The exercises, which Beijing described as "punishment" for "separatist acts," underscore the escalating tensions between China and the democratically governed island.
  • Vietnam Cuts Power to Foxconn, India's AC Sales Soar Amid Severe Southeast Asia Heatwave
    CRISIS
    Southeast Asia is experiencing another intense heatwave this year, with temperatures soaring to new heights across Vietnam, India, and the Philippines, significantly impacting power demand and sales of cooling appliances.
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